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FPXE - Rates Spark: One Million Swallows Should Make A Summer
First Trust IPOX Europe Equity Opportunities ETF
Although large negative real yields have become the norm in core Europe, they were less common in the US. Covid-19 changed that.
The re-opening should change that back, but so far it hasn't. A big payrolls report followed by a near-4% inflation number next week should tip the balance.
But then again, this bond market is proving to be a tough audience to please.